TAIPEI, Taiwan, Nov. 9, 2018 /PRNewswire/ -- Global online sales of FMCG products is growing four times faster than offline sales, with Asia setting the pace for growth in the coming years in online FMCG sales, according to a new report by global measurement company, Nielsen.

The NielsenFuture Opportunities in FMCG E-commerce Report, which examines the current growth drivers of FMCG e-commerce in 34 markets, highlights the rapid pace at which FMCG e-commerce will grow over the coming years (18.4% CAGR annually) and estimates total global sales will reach as high as US$400 billion by 2022. The Asia Pacific region is expected to provide some of the biggest growth opportunities for online FMCG over the next five years, with 43% of the region's consumers already using e-commerce platforms for home delivery of products, and a further 15% indicating better internet connectivity would increase their propensity to shop online. South Korea is leading the way in e-commerce globally, with nearly one-fifth (18%) of all FMCG sold via online channels, closely followed by China (16% of FMCG sold online). Taiwan, Japan and Australia also rank in the top five markets for share of FMCG sales online (5.6%, 5%, and 3% respectively). Other Asia Pacific markets covered in the report include India, Singapore, Malaysia, Indonesia, Thailand and New Zealand.

"Competition in FMCG market is ever so fierce in Taiwan, thus manufacturers and retailers are to focus on two key ecommerce tactics: frequency and conversion The high rotation of fresh food is a key driver to attract different shopper sets and increase shopping frequency -- this strategy has been practiced by both US and China markets," suggested by Terri Kang, director, Ecommerce vertical, Nielsen Taiwan. "True convenience, helping shoppers to save time, creates good reason for consumers to come back and buy more. Therefore optimizing the online assortment, at the same time offering the needed product information, and conveying strong messages on quality are ways to win the hearts of savvy online shoppers."

The Nielsen report identifies some of the key future drivers of FMCG e-commerce growth, including:

The emergence of new e-commerce players is creating an increasingly competitive retail landscape in Asia Pacific. High quality infrastructure and technology innovation support further e-commerce adoption for consumers in Japan (24%) who are purchasing FMCG online for home delivery. Nielsen estimates that Japan's 2017 e-commerce share of total FMCG sales (5%) will increase to 7.9% (US$36 billion) by 2022.

Taiwan region has strong technology and internet access for consumers, along with geographical proximity to Mainland China and South Korea, markets leading in FMCG e-commerce. Nielsen estimates that Taiwan market's 2017 e-commerce share of total FMCG sales (5.6%) will increase to 8.1% (US$878 million) by 2022.

Meanwhile, in other markets around the Asia Pacific region, Australian shoppers (38%) already use e-commerce for OTC medicines and health-care products. Nielsen estimates that Australia's 2017 e-commerce share of total FMCG sales (3%) will increase to 4.8% (US$ 3.5 billion) by 2022.

"Many consumers across Asia Pacific have experienced online shopping in some form, be it travel, apparel, electronics or other similar categories," notes Ji Hyuk Park, Nielsen's Developed Markets Digital Retail Lead. "Developing markets across the region hold much promise for rapid FMCG e-commerce growth in the coming years as consumers make the leap from traditional trade to online marketplace, making the need for omni-channel offerings more critical than ever for FMCG retailers."

ABOUT THE NIELSEN FUTURE OPPORTUNITIES IN FMCG E-COMMERCEThe Nielsen Future Opportunities in FMCG E-commerce report presents the changing FMCG e-commerce landscape in 34 markets, influenced by foundational, macro-economic, social and supply growth drivers. Smartphone penetration, internet access, online banking, delivery infrastructure and need for convenience has encouraged consumers to buy FMCG online in many markets. This report estimates the percentage e-commerce channel share and market size of online FMCG compared to offline sales for 34 markets, by the year 2022. It provides insights to manufacturers and retailers to pursue FMCG e-commerce strategies that will help sustain and maximise growth opportunities in the coming years.

ABOUT NIELSENNielsen Holdings plc (NYSE: NLSN) is a global measurement and data analytics company that provides the most complete and trusted view available of consumers and markets worldwide. Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what's happening now, what's happening next, and how to best act on this knowledge. For more than 90 years Nielsen has provided data and analytics based on scientific rigor and innovation, continually developing new ways to answer the most important questions facing the media, advertising, retail and fast-moving consumer goods industries. An S&P 500 company, Nielsen has operations in over 100 countries, covering more than 90% of the world's population. For more information, visit www.nielsen.com.